SELUX ISOL
ActiveThe computed 12-month bankruptcy probability of SELUX ISOL is 2.2% (moderate). The 2023 annual accounts show equity of €70k and a net result of €6k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 59% of 33689 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
86
/ 100
Excellent▲ +7 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability42▼-8
Solvency87▲+11
Growth52=
Stability100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.58 against 1.56 in 2022), and 47.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
52.6%
Return on assets
4.5%
Age of the figures
32 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline14-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
68 d late
2022
69 d late
2021
76 d late
2020
61 d late
2019
116 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€70k▲ 9.3%
2022 · €64k
2019: €38k
2020: €43k
2021: €57k
2022: €64k
2019 → 2023
Total assets
€132k▼ 13.6%
2022 · €153k
2019: €91k
2020: €54k
2021: €134k
2022: €153k
2019 → 2023
Net result
€6k▼ 7.2%
2022 · €6k
2019: €25k
2020: €5k
2021: €14k
2022: €6k
2019 → 2023
Working capital
€35k▼ 27.3%
2022 · €48k
2019: €35k
2020: €39k
2021: €57k
2022: €48k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€38k-€43k▲ 13.4%€57k▲ 33.7%€64k▲ 11.1%€70k▲ 9.3%
Operating result€35k-€7k▼ 79.9%€21k▲ 197%€9k▼ 59.2%€8k▼ 1.6%
Net result€25k-€5k▼ 80.0%€14k▲ 184%€6k▼ 56.0%€6k▼ 7.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 2% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €132k
Fixed assets
€38k▲ 80.1%
Current assets
€94k▼ 28.5%
Equity and liabilities €132k
Equity
€70k▲ 9.3%
Debt
€63k▼ 29.8%
The debt ratio falls from 58.4% to 47.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€17k▲
2022 · €10k
Cash flow
€14k▲
2022 · €8k
Solvency
52.6%▲
2022 · 41.6%
Current ratio
1.58▲
2022 · 1.56
Quick ratio
1.58▲
2022 · 1.56
Debt / equity
0.90▼
2022 · 1.40
ROE
8.5%▼
2022 · 10.0%
ROA
4.5%▲
2022 · 4.2%
Interest coverage
41.21▼
2022 · 50.18
Debt
€63k▼
2022 · €89k
Debt ≤ 1 year
€60k▼
2022 · €84k
Income taxes
€2k▼
2022 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€153k€132k▼
Fixed assets21/28€21k€38k▲
Tangible fixed assets22/27€16k€33k▲
Plant, machinery and equipment23€16k€11k▼
Furniture and vehicles24-€22k
Financial fixed assets28€5k€5k=
Current assets29/58€132k€94k▼
Amounts receivable within one year40/41€96k€86k▼
Trade receivables40€27k€2k▼
Other amounts receivable41€69k€84k▲
Cash at bank and in hand54/58€33k€7k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€153k€132k▼
Equity10/15€64k€70k▲
Contributions10/11€12k€12k=
Reserves13€51k€57k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€50k€56k▲
Amounts payable17/49€89k€63k▼
Amounts payable within one year42/48€84k€60k▼
Trade debts44€75k€55k▼
Suppliers440/4€75k€55k▼
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€9k€5k▼
Accrued charges and deferred income492/3€5k€3k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€8k▲
Other operating charges640/8€1k€525▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€14k€17k▲
Operating profit (loss)9901€9k€8k▼
Financial income75/76B€497€1▼
Recurring financial income75€497€1▼
Financial charges65/66B€206€410▲
Recurring financial charges65€206€410▲
Profit (loss) for the period before taxes9903€9k€8k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€6k€6k▼
Profit (loss) for the period to be appropriated9905€6k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€6k▼
Transfer to equity691/2€6k€6k▼
To other reserves6921€6k€6k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €5k ▼80%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.65
Current ratio from 1.66 to 4.65; short-term debt falls from €53k to €11k.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-10-2025
Resigned as Director
Location & real-estate footprint
Registered office, Liedekerke · 2 establishment units since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Muilenstraat 2801770 LiedekerkeGround area
6,295 m²
Building footprint
1,717 m²
Volume, LiDAR
9,214 m³
3 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SELUX ISOL
since 20182.281.139.694
Industrieweg 13, 2850 Boom
since 20252.368.755.044
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11005A0219/00S000 | Flanders | 4,118 m² | 1 · 1,519 m² | 8.3 m · 2 fl. |
| 23762B0009/00S000 | Flanders | 1,668 m² | 1 · 96 m² | 9.3 m · 2 fl. |
| 12040A0563/00A005 | Flanders | 509 m² | 1 · 102 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 4,244 companies in sector 43230 we hold annual accounts for 1,230. 1,031 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-09-2018
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:seluxisol@hotmail.com